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Jan 30, 2013
01/13
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let's look at shares of boeing, peter. the stock price obviously seeing a lot of vulnerability, as well aay volatility since announcing the problem with the lithium batteries. 74 and change, what do you expect that to be at? >> it has felt a little snake-bitten with the volatility, and it has underperformed the broader market, but we think there is a significant upside as they start to deploy a lot of that cash for stock buybacks. we have an $87 price target, and there could be an up side if they get aggressive with buying back more shares. >> tom: and it has a lot of free cash flow at its access. do you own any shares of boeing yourself, peter? >> no. we're prohibited from doing athat. >> tom: peter arment, alyst at sterne agee tonight alcoholic >> susie: it was all about blackberry today in the technology world. rim unveiled its long-awaited new operating system, known as blackberry 10. the platform will run two new phones: the z10 and q10. but, there will be some delay before american users can get their hands on either
let's look at shares of boeing, peter. the stock price obviously seeing a lot of vulnerability, as well aay volatility since announcing the problem with the lithium batteries. 74 and change, what do you expect that to be at? >> it has felt a little snake-bitten with the volatility, and it has underperformed the broader market, but we think there is a significant upside as they start to deploy a lot of that cash for stock buybacks. we have an $87 price target, and there could be an up side...
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Jan 30, 2013
01/13
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WUSA
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well, boeing apparently knew about the problems with the batteries on their dreamliners. nonaupon airways said it replaced ten electricity onbatteries months and told boeing about it but not federal investigators. the ntsc said tuesday it's now conducting a microscopic investigation of the battery. >>> stocks in asia rallied on promising growth data in china. norfolk co-'s nikkei gain 2d% while hong kong's hang seng dropped. it added 72 point tuesday to close at 13,954. that's only 210 points away from its all-time high set in october of 2007. the dmanasdaq fell slightly. >>> amazon.com posted its results. investors didn't seem to care. in after-hours trading stocks went up more than 9%. >>> and the blackberry is hoping for a big comeback today. research in motion will unveil the blackberry 10 this morning, their first new smartphone in a year and a half. the phone has a touchscreen and a new operating system and says if the blackberry does not sell well, it could be the end of the company. you know, anne-marie, i'm rooting for them. >> i'm a loyalist. you're pretty much
well, boeing apparently knew about the problems with the batteries on their dreamliners. nonaupon airways said it replaced ten electricity onbatteries months and told boeing about it but not federal investigators. the ntsc said tuesday it's now conducting a microscopic investigation of the battery. >>> stocks in asia rallied on promising growth data in china. norfolk co-'s nikkei gain 2d% while hong kong's hang seng dropped. it added 72 point tuesday to close at 13,954. that's only 210...
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Jan 31, 2013
01/13
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KPIX
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boeing also said it will speed up the production of the 787. >>> and good news for twinkie lovers. the golden sponge cake is about to make a comeback. hostess has reportedly picked two investment firms to buy its twinkies and other snack cakes. the deal is worth more than $400 million. the announcement could come as soup as next week. so anne-marie, i think it's safe for me to finally open up that emergency box of twinkies i've been hiding. >> i know. i've been hiding them in my basement, thank you, ashley morrison, in new york. >>> coming up, the countdown to kick-off of super bowl xlvii. we'll show you how some out-of-towners are enjoying new orleans before the big game. time before the big game. [ tissue box ] he said nasal congestion. yeah...i heard him. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. [ female announcer ] when a woman wears a pad she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocontrol wicks moisture away. keep mo
boeing also said it will speed up the production of the 787. >>> and good news for twinkie lovers. the golden sponge cake is about to make a comeback. hostess has reportedly picked two investment firms to buy its twinkies and other snack cakes. the deal is worth more than $400 million. the announcement could come as soup as next week. so anne-marie, i think it's safe for me to finally open up that emergency box of twinkies i've been hiding. >> i know. i've been hiding them in my...
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Jan 30, 2013
01/13
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FBC
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lot of pressure involved on shares of boeing. the department of defense and nasa are california testing a new type of aircraft that can access remote areas of the world that right now are not accessible. the limp like kraft could move more cargo than modern planes. taking food, supplies to disaster areas. 35 money in dollars has been spent so far on it. it looks like las vegas and not have a merry christmas. a drop in passengers arriving and departing from the city. 3.2 million passengers used the vegas airport last month, a drop from december of 2011. and that is your "west coast minute." dennis p. at dennis: let's turn back to that shocker on the gdp shrinking in the fourth quarter. cheryl: we have main street perspective. jeff: something easy and no other network, what is main street really thinking about these numbers. i am one main street. this is a shop called marseilles, a unique place. i will tell you why in just a moment. tallying up the trillions in stimulus that has led to this gdp number. there was a kkr report last w
lot of pressure involved on shares of boeing. the department of defense and nasa are california testing a new type of aircraft that can access remote areas of the world that right now are not accessible. the limp like kraft could move more cargo than modern planes. taking food, supplies to disaster areas. 35 money in dollars has been spent so far on it. it looks like las vegas and not have a merry christmas. a drop in passengers arriving and departing from the city. 3.2 million passengers used...
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Jan 30, 2013
01/13
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CNBC
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-- reaction to boeing unless they say we're going to change? >> very much so. the boeing management are not in a position to give anything definitive at this stage. so they will not be able to give us very much. that's the big question actually for the forecast going forward, 2013 earning. this creates major uncertainty. how many -- how many aircraft are they going to deliver, what kind of provisions will they need to take. >> that's what i was going ask. that seems to be one area of 401( focus for investors. any idea of expectations there? >> you have two lots of potential provisions. one is the delay and the disruption that causes the company. so the costs incurred by the company. in addition to that you have potentially consequential damages. 50 aircraft are grounded. so the airlines will want compensation. there are going to be further delays of deliveries now, 50 aircraft. if you put one million per aircraft per month, it soon adds up. >> absolutely. and i wonder to what extent this changes the investment thesis forgoing. >> at this stage,
-- reaction to boeing unless they say we're going to change? >> very much so. the boeing management are not in a position to give anything definitive at this stage. so they will not be able to give us very much. that's the big question actually for the forecast going forward, 2013 earning. this creates major uncertainty. how many -- how many aircraft are they going to deliver, what kind of provisions will they need to take. >> that's what i was going ask. that seems to be one area...
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Jan 31, 2013
01/13
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WUSA
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. >>> boeing posted fourth quarter profits that beat wall street's estimates. the company says it's standing by the batteries it uses for its grounded fleet of dreamliners and has reportedly already replaced more than 100 batteries. boeing says it will speed up the production of the 787. >>> and good news for twink key lovers. the golden sponge cake is about to make a comeback. hostess has reportedly picked two investment firms to buy its twinkies and other snack cakes. the deal is worth more than $400 million. it could come as soon as next week. i think it's safe to bring out the box of twinkies i've been hiding. >>> coming up, the countdown to kick-off of super bowl xlvii. we'll show you how some out-of-towners are enjoying the time before the big game. [ tissue box ] he said nasal congestion. yeah...i heard him. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. she can't always move the way she wants. now you can. with stayfree ultra thins. flexible layers move with your body while thermocon
. >>> boeing posted fourth quarter profits that beat wall street's estimates. the company says it's standing by the batteries it uses for its grounded fleet of dreamliners and has reportedly already replaced more than 100 batteries. boeing says it will speed up the production of the 787. >>> and good news for twink key lovers. the golden sponge cake is about to make a comeback. hostess has reportedly picked two investment firms to buy its twinkies and other snack cakes. the...
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Jan 24, 2013
01/13
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FBC
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gerri: here are the claims from boeing. unmatched fuel efficiency resulting in exceptional environmental performance. using 20% less fuel. the and everybody else in my group, we all had problems with lithium -- i am the theme batteries. it's a surprise. you pick up your laptop. it's burning hot and it's because the batteries are overheating. >> i told somebody on the radio today, have a laptop that ran really hot. it was a mac book. i replaced it this year and it runs cooler. they can improve the technology, but now they're putting them in cars, airplanes, and these are enormous batteries. they are just not -- they have not been tested adequately at. you know, the faa did a lot of testing and spend a lot of time on this, but they have been in design and development for about two years now. still have worked all the bugs. gerri: reassuring. >> deasy -- de incentivizes it. does not mean it's going to happen. gerri: before you go, how are taxpayers on the hook for this? >> well, the state of washington offered billions of doll
gerri: here are the claims from boeing. unmatched fuel efficiency resulting in exceptional environmental performance. using 20% less fuel. the and everybody else in my group, we all had problems with lithium -- i am the theme batteries. it's a surprise. you pick up your laptop. it's burning hot and it's because the batteries are overheating. >> i told somebody on the radio today, have a laptop that ran really hot. it was a mac book. i replaced it this year and it runs cooler. they can...
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Jan 28, 2013
01/13
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WGN
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a stopdown in production would be costly for boeing and its suppliers. the company has orders for 800 dreamliner planes. earlier this month, the f-a-a grounded all 50 dreamliners in use, after lithium battery fires broke out in two jets. investigators have not yet figured out what caused the fires. your live illinois lottery drawing is next. after that ramsey will join us again... >> tonight on instant replay.. the blackhawks... sox fest... and illini basketball... tonight at 9:40... break pick 3... 5 5 2 pick 4... 2 9 7 0 lucky day lotto... 32 36 4 20 34 break a febreze experiment. can a 30-day-old pluggable febreze make even this old container smell fresh? take a deep breath describe the room you're in. like a big open space. like i'm hanging the sheets on the line. it just smells really fresh, man. let's take your blindfold off. oh! [ both laugh ] super weird! oh, is it febreze? yeah. oh, how about that? febreze has anti-clogging technology that keeps it smelling fresh even after 30 days. febreze. breathe happy. whoo! whoo! this is why we do this! fre
a stopdown in production would be costly for boeing and its suppliers. the company has orders for 800 dreamliner planes. earlier this month, the f-a-a grounded all 50 dreamliners in use, after lithium battery fires broke out in two jets. investigators have not yet figured out what caused the fires. your live illinois lottery drawing is next. after that ramsey will join us again... >> tonight on instant replay.. the blackhawks... sox fest... and illini basketball... tonight at 9:40......
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it's not terminal to boeing, but it's a problem. melissa: if the airlines sue boeing because they have to cancel flights, change equipment, or have problems, if it turns out it's the fault of a supplier like the battery maker, can boeing then go back and sue that supplier for the money? >> i don't think they even need to call a lawyer, just go to the supplier and start writing checks or you'll never work in this town again. melissa: great points. are they close to a solution? the earnings call for beau, the ceo says we are getting closer, but the ntsb says they have no idea, we're not closer. what do you think? >> well, this is unique. we had airliners introduced over the last 70 years, some blow up in the sky when they are new, others have wings fall off. this is an airplane with no structural problems. it's a battery issue. met all the performance requirements and expectations. we've never had a situation where we have something as small as a battery. we don't know what's causing the problem. we don't have a fix for it. i don't kn
it's not terminal to boeing, but it's a problem. melissa: if the airlines sue boeing because they have to cancel flights, change equipment, or have problems, if it turns out it's the fault of a supplier like the battery maker, can boeing then go back and sue that supplier for the money? >> i don't think they even need to call a lawyer, just go to the supplier and start writing checks or you'll never work in this town again. melissa: great points. are they close to a solution? the earnings...
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Jan 30, 2013
01/13
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FBC
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i don't think boeing wins by having the problem out there. it doesn't make a lot of sense from the credibility perspective but i think a lot of issues have been, normally considered normal, but i don't know that i'm in a position because somebody came out with more replacements. melissa: i am not sure if you are accusing, but how they're handling this situation. they're making good progress in the electrical problems, at the same time you have the ntsb coming out saying as recently as yesterday once again they don't think they're getting any closer to figuring out what happened. those are two completely different statements. how do you reconcile them? >> boeing doesn't win by getting in front of the regulators so they have to stay on the market basically one point to say we are trying our hardest to keep things going and authorities will take the lead on this. if you think about it the other way, boeing says we don't think it is a big problem, the authorities have more of a reason to keep them grounded for longer time getting too aggressive o
i don't think boeing wins by having the problem out there. it doesn't make a lot of sense from the credibility perspective but i think a lot of issues have been, normally considered normal, but i don't know that i'm in a position because somebody came out with more replacements. melissa: i am not sure if you are accusing, but how they're handling this situation. they're making good progress in the electrical problems, at the same time you have the ntsb coming out saying as recently as yesterday...
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Jan 24, 2013
01/13
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WUSA
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investigators said wednesday that overcharged batteries did not cause the recent fires on boeing's 787 dreamliner, but they did find thermal damage to the lithium i on battery. overall, 50 dream leaners have been grounded worldwide. the city wants to ban sugary drinks bigger than 16 ounces in an effort to cut down on obesity, but opponents call it grossly unfair and say it would hurt small and minority owned businesses. they're trying to stop the ban from taking effect march 12th. oh the fight over the sugary drinks. >> i know, i know. people are just going to buy two if they want more. >> that's what i was thinking. >> straight ahead, the admissions. notre dame football star manti te'o explains why he kept alive the story of the death of his girlfriend. this is the "cbs morning news." and a choice. n take advil, and maybe have to take up to four in a day. or take aleve, which can relieve pain all day with just two pills. good eye. try our new southwestern mac and cheese with grilled chicken, served with soup or salad. chili's lunch combos. starting at 6 bucks. more life happens here.
investigators said wednesday that overcharged batteries did not cause the recent fires on boeing's 787 dreamliner, but they did find thermal damage to the lithium i on battery. overall, 50 dream leaners have been grounded worldwide. the city wants to ban sugary drinks bigger than 16 ounces in an effort to cut down on obesity, but opponents call it grossly unfair and say it would hurt small and minority owned businesses. they're trying to stop the ban from taking effect march 12th. oh the fight...
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Jan 28, 2013
01/13
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FBC
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stuart: headaches continue for boeing. it was warned years in advance of potential fires in its batteries on the dreamliner. bringing in from los angeles, oliver mcgehee. oliver, simple question here. in your opinion, did regulators bend the rules for boeing? >> no, they did not, stuart, and good morning. the north star for the department of transportation and faa is safety. safety is tied with economic competitiveness, and when you combine those two larger goals, economic competitiveness for boeing, combined with the safety mission for faa and dot, the combination is advanced technology. what we learned in -- stuart: but we got a report that ten years ago, there was some grave concern -- real concern about lithium ion batteries and fires that could be caused because of the use of these things. that was a warning ten years ago. now we got the problem. i mean, you don't suspect that maybe the little bending at some point, not at all? >> very, very difficult to do that when you are doing megascaled engineering operations and
stuart: headaches continue for boeing. it was warned years in advance of potential fires in its batteries on the dreamliner. bringing in from los angeles, oliver mcgehee. oliver, simple question here. in your opinion, did regulators bend the rules for boeing? >> no, they did not, stuart, and good morning. the north star for the department of transportation and faa is safety. safety is tied with economic competitiveness, and when you combine those two larger goals, economic competitiveness...
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Jan 28, 2013
01/13
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CNBC
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boeing and caterpillar, but i didn't. i think jpmorgan, chevron, and disney are my picks in the dow. >> i want to get back to why you didn't chose those in a second. but peter, let's talk about your picks and where the stocks will be in terms of riding this market in the next five to six years. how do you see the broad landscape of the markets and the sectors? >> you know, broad landscape, i think appreciation of 5% to 7% per year plus a 2% yield over the period of time would be very acceptable to me. obviously it's not going to be a straight line. three picks, i would go with companies like proctor and gamble, johnson & johnson and chevron as well. counting on a growing emerging middle class worldwide. personal care products. people are going to be brushing their teeth. they're going to be taking their medicines and more of them will be driving cars over the next six years. i would shy away from the banks. jpmorgan and bank of america. unlike the previous speaker because i think the regular story environment for banks is
boeing and caterpillar, but i didn't. i think jpmorgan, chevron, and disney are my picks in the dow. >> i want to get back to why you didn't chose those in a second. but peter, let's talk about your picks and where the stocks will be in terms of riding this market in the next five to six years. how do you see the broad landscape of the markets and the sectors? >> you know, broad landscape, i think appreciation of 5% to 7% per year plus a 2% yield over the period of time would be...
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Jan 31, 2013
01/13
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FBC
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david: talk about a specific, boeing. boeing had $68 billion in revenue last year. about half of that was from defense contracts. how will boeing be affected by this? >> i think boeing and the other major prime contractors are in a little bit better of a position. they have a strong backlog of products that they have already, that the government has already obligated funding to buy. they have got a lot of different product lines. they will continue to produce on those product lines and dod will continue to buy them. that's part of a lot of is funded out of the base defense budget. david: let me stop you there, todd, for a second. take one project, the f-35. this is the latest version of the stealth fighter. these planes are not cheap. they're about 100 million each. i think $103 million each. the pentagon is expected to buy 2440 of them. you say they will continue to buy them even with the cuts? >> they will continue to buy them. that is the current plan. the real risk to programs like f-35 is sequestration. if sequestration goes into effect on march 1st, every prog
david: talk about a specific, boeing. boeing had $68 billion in revenue last year. about half of that was from defense contracts. how will boeing be affected by this? >> i think boeing and the other major prime contractors are in a little bit better of a position. they have a strong backlog of products that they have already, that the government has already obligated funding to buy. they have got a lot of different product lines. they will continue to produce on those product lines and...
WHUT (Howard University Television)
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Jan 31, 2013
01/13
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WHUT
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however, following the suspension of all boeing 787 flights by the authorities, ana had to cancel about 460 flights up to thursday. ana's executive vice president kyoshi kyomoto says business will be affected if it takes more time for the boeing 787 flights to be resumed yet added the company has no intention at present to change the policy of introducing 49 dreamliner aircraft by the year 2020. >>> new home building in japan was up in 2012 compared to the previous year. that's the third straight year of increases, but the figure remains low. the infrastructured a ministry says the construction of 828,000 unites started across the nation last year, that's up 5.8% from 2011. the ministry says the rise is due to low-interest rates on home mortgages. housing starts have been above 1 million units until the collapse of lehman brothers in 2008 that triggered the financial crisis. the ministry says it will match the impact on the housing market of an economic stimulus announced this month. the officials say another focus will be whether the consumption tax hike scheduled for april next year w
however, following the suspension of all boeing 787 flights by the authorities, ana had to cancel about 460 flights up to thursday. ana's executive vice president kyoshi kyomoto says business will be affected if it takes more time for the boeing 787 flights to be resumed yet added the company has no intention at present to change the policy of introducing 49 dreamliner aircraft by the year 2020. >>> new home building in japan was up in 2012 compared to the previous year. that's the...
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Jan 31, 2013
01/13
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FBC
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the question is, whether boeing was connecting the dots. whether they saw that there was a problem brewing with these batteries and what they did about it. melissa: how could they not? how could they not at this point? that sounds like an awful lot of batteries. it sound like the same problem over and over again. we're also hearing there was a study back in 2010. the faa found this lithium ion chemtries boeing was using, lithium cobalt was more flammable than several possible types. >> that's right. melissa: there was a study out that said this could be a problem. and all of sudden you see evidence of it, don't you think, isn't it logical to believe at that point they should have said, we have a problem? >> as an investigator you go back to look at every event and you see whether there is any similarities. we're not sure yet. we know six of them apparently were overcharges. there were some undercharges. the question is, were there any similarities either in the events or from the production side. one interesting thing that came out this wee
the question is, whether boeing was connecting the dots. whether they saw that there was a problem brewing with these batteries and what they did about it. melissa: how could they not? how could they not at this point? that sounds like an awful lot of batteries. it sound like the same problem over and over again. we're also hearing there was a study back in 2010. the faa found this lithium ion chemtries boeing was using, lithium cobalt was more flammable than several possible types. >>...
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Jan 24, 2013
01/13
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CNBC
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update on boeing. shake up at the nyse. >> what else? >> lots of things coming up. i will also duck out early because i'm doing "closing bell" as well as the new york stock exchange. >> wow, so repeating everyday. >> it really is. >> it is. fantastic. we are back right after this. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> welcome back, everybody. what you are looking at is an empty podium there. watching live tv. we are monitoring two events that are just about to happen any time now. first of all, at the white house, the president is set to announce the nomination of former u.s. attorney mary jo
update on boeing. shake up at the nyse. >> what else? >> lots of things coming up. i will also duck out early because i'm doing "closing bell" as well as the new york stock exchange. >> wow, so repeating everyday. >> it really is. >> it is. fantastic. we are back right after this. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. omnipotent of...
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Jan 30, 2013
01/13
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KGO
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. >>> boeing reportedly knew about problems with the dreamliner's batteries before all the 787 jets were grounded this month. both japanese airlines flying the planes replaced at least a dozen of the lithium ion batteries after the new planes went into service. that was before one battery caught fire and another began smoking earlier this month, prompting the grounding. >>> some bad news for college students. nearly half of recent college grads are working in jobs that don't require a bachelor's degree. in fact, the study found that 38% are in jobs that don't even require a high school degree. but having a college diploma still pays benefits later in a career. >> this could be a do-or-die day for blackberry. research in motion is introducing new software in the hopes that it will return blackberry to dominance. in the smartphone industry. once dominant, it now has less than 5% of the market. >>> and youtube will reportedly begin offering paid subscriptions for individual channels starting this spring. it might include programs and live events. up until now, producers have had to rely on
. >>> boeing reportedly knew about problems with the dreamliner's batteries before all the 787 jets were grounded this month. both japanese airlines flying the planes replaced at least a dozen of the lithium ion batteries after the new planes went into service. that was before one battery caught fire and another began smoking earlier this month, prompting the grounding. >>> some bad news for college students. nearly half of recent college grads are working in jobs that don't...
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Jan 27, 2013
01/13
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WBAL
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. >>> national transportation safety board tonight says further examination of batteries on boeing's new 787 has yet to point to the cause of the january 7th fire on board a japan air lines jet at boston's logan airport. that fire followed days later by a smoking battery aboard another 787 in japan led to a worldwide grounding of the revolutionary new planes. lack of progress in both investigations has raised concerns the planes will remain grounded indefinitely. >>> in washington, the battles over guns and immigration reform are taking center stage this week, as president obama pushes his second term agenda. nbc's peter alexander is at the white house and has more on that. hi, peter. >> reporter: lester, good evening to you. the president isn't wasting in i time in his second term, tackling two of his top priorities. specifically on immigration, one democratic senator said measures formerly off the table are now back up for discussion. barely a week into his second term, president obama is preparing to dive into the contentious issue of immigration, with a major speech set for las v
. >>> national transportation safety board tonight says further examination of batteries on boeing's new 787 has yet to point to the cause of the january 7th fire on board a japan air lines jet at boston's logan airport. that fire followed days later by a smoking battery aboard another 787 in japan led to a worldwide grounding of the revolutionary new planes. lack of progress in both investigations has raised concerns the planes will remain grounded indefinitely. >>> in...
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Jan 25, 2013
01/13
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MSNBC
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the there's been a huge decline of community institutions in america, well documented in the book "boeing alone." is that what this is really about? about, finding a community in a country where there aren't a lot of places to have a real community? >> absolutely. that's pretty much what this is all about. i think it's true that community has gotten harder to find, but i still think we all yearn for it, and when i started going to bars a long time ago, probably a little younger than i should have, i didn't know that was what i was looking for, but the more i became part of bar culture, i realized that that was the place that wasn't home, wasn't school, wasn't work where i could meet people and have great conversations and actually learn from my fellow drinkers. >> before we get out of here, i just want to say that, you know, huge admirer of the work of your father. legendary writer. your brother jeremy is carving out a nice little career. >> go big red. >> big things in his future i think. >> i think so. >> but you say you're monogamous with your bars and you delineate your chapters on th
the there's been a huge decline of community institutions in america, well documented in the book "boeing alone." is that what this is really about? about, finding a community in a country where there aren't a lot of places to have a real community? >> absolutely. that's pretty much what this is all about. i think it's true that community has gotten harder to find, but i still think we all yearn for it, and when i started going to bars a long time ago, probably a little younger...
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Jan 24, 2013
01/13
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FBC
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. >>> boeing's nightmare just won't end. investigators struggle to find a cause to find the lithium-ion battery fires. can they truly be tested to fly again? i'm wondering ♪ . melissa: you have been hearing this story all week. golf superstar phil mickelson might be leaving his home state of california because he ising soaked by high taxes n 2013 top earners in california could be paying 53% of the their income in taxes. that is amazing, we have only heard this from one prominent california resident so far that is. will this start an exodus from the golden state to tax-free havens like florida and texas? our "money" power panel has all the answers. dave porter. ear run mcclear was the press secretary for california governor arnold schwarzenegger. we have jerry webster from oppenheimer fund. thanks for joining us. aaron, let me start with you. what is the response like? are highest inc/m- tax in the count22v and it will start to÷ú have a real effect. meli&xp] jerry do you agree wivh that? is there a point ofç diminishi
. >>> boeing's nightmare just won't end. investigators struggle to find a cause to find the lithium-ion battery fires. can they truly be tested to fly again? i'm wondering ♪ . melissa: you have been hearing this story all week. golf superstar phil mickelson might be leaving his home state of california because he ising soaked by high taxes n 2013 top earners in california could be paying 53% of the their income in taxes. that is amazing, we have only heard this from one prominent...
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Jan 24, 2013
01/13
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FBC
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remember some of the issues boeing has is with supplier with the parts. not boeing manufacturing the entire plane. it is asassembling a large part of it. tracy: crazy stuff. rich edson, thank you so much, sir. >> thanks. ashley: rich, thanks again. boeing meantime, got to get these planes back in the air. got to figure it out first. it is a quarter till. time for --. tracy: maery. joe: white speaking right now. we'll take a piece of that. ashley: all right. mary jo white. >> we have a lot of important hard work ahead of it. i welcome the opportunity to lead those efforts and to build on the work of chairman mary shapiro and chairman elisse walter who i am very honored is present today. finally and most importantly i want to thank my husband, joan white, who is here today, on what is our 43rd wedding anniversary. >> today. >> today. for his strong support of me in seeking to enbeige engage in this significant and challenging public service. thank you very much. >> thank you. ashley: saying she welcomes the opportunity as the next head of the securities & e
remember some of the issues boeing has is with supplier with the parts. not boeing manufacturing the entire plane. it is asassembling a large part of it. tracy: crazy stuff. rich edson, thank you so much, sir. >> thanks. ashley: rich, thanks again. boeing meantime, got to get these planes back in the air. got to figure it out first. it is a quarter till. time for --. tracy: maery. joe: white speaking right now. we'll take a piece of that. ashley: all right. mary jo white. >> we have...
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Jan 25, 2013
01/13
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FOXNEWS
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but they know boeing's safety system failed. experts say it looks like this investigation will last for a while. >> suddenly 787 will be on the ground for an indefinite period. whether that's two months, four months, six months or more, i have no way of knowing. but it's not going to be back in the air any time soon. >> united airlines is the only u.s. carrier to have any dreamliners. they have six. the ceo says he has confidence the problem will be fixed and customers will come back. shep. >> shepard: dan springer in seattle, chunks of concrete go flying as a sewer explosion tears up a downtown street and it tops our news around the world in 80 seconds. china. security cameras captured the moment the road suddenly burst open in a southern province. one angle appears to show three adults and a child standing a few feet away. officials say nobody was hurt. the blast destroyed some 250 feet of roadway. authorities are investigating the cause. >>> australia. torrential rains triggered heavy flooding in the northeast. several feet o
but they know boeing's safety system failed. experts say it looks like this investigation will last for a while. >> suddenly 787 will be on the ground for an indefinite period. whether that's two months, four months, six months or more, i have no way of knowing. but it's not going to be back in the air any time soon. >> united airlines is the only u.s. carrier to have any dreamliners. they have six. the ceo says he has confidence the problem will be fixed and customers will come...
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Jan 25, 2013
01/13
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KICU
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the goverment addresses boeing's battery problems... but questions remain. plus, inside california's luxury housing boom. and are banks just plain greedy? a look at the latest money grab in traders unplugged. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, january 25th. i'm angela miles. in today's first look: the dow climbs higher for the 5th straight session as apple takes down the nasdaq. the nasdaq fell 24 points. apple also played a role in holding down the s&p, which briefly crossed 1,500. apple shares tumbled $63 in trading yesterday. facebook founder mark zuckerberg is putting on a political face. he will host a fundraiser at his home february 13th for new jersey governor chris christie's re-election fund. and the post office is pushing up the price of a stamp by one penny to 46 cents starting sunday. scott shellady of trean group joins us this morning for a closer look at the markets. we have to talk about this 1500 in the s&p 500. when will this finally ho
the goverment addresses boeing's battery problems... but questions remain. plus, inside california's luxury housing boom. and are banks just plain greedy? a look at the latest money grab in traders unplugged. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, january 25th. i'm angela miles. in today's first look: the dow climbs higher for the 5th straight session as apple takes down the nasdaq. the nasdaq...
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Feb 1, 2013
02/13
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KPIX
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there were 115 passengers and five crew members onboard the boeing 737. >>> and through the night rescue crews in mexico city have been searching for people who were trapped by an explosion. at least 75 people -- or rather 25 people were killed by yesterday's afternoon blast in the basement of a downtown tower. more than a hundred others were injured. the cause is unknown but one possibility is a building's gas boiler. >>> in central china today a truck carrying fireworks exploded. the explosion destroyed parts of an elevated highway. at least five people were killed, eight hospitalized. cars and trucks fell about a hundred feet to the ground. the cause of the explosion is under investigation. >>> and now to the economy. the labor department releases january's employment report this morning. the economy remains sluggish challenged by a steep decline in defense spending and the impact of higher social security taxes. susan mcginnis is in washington this morning. susan, good morning. >> anne-marie, good morning. yeah, we have an economy that's still struggling despite some positive signs l
there were 115 passengers and five crew members onboard the boeing 737. >>> and through the night rescue crews in mexico city have been searching for people who were trapped by an explosion. at least 75 people -- or rather 25 people were killed by yesterday's afternoon blast in the basement of a downtown tower. more than a hundred others were injured. the cause is unknown but one possibility is a building's gas boiler. >>> in central china today a truck carrying fireworks...
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Jan 28, 2013
01/13
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FBC
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that is thanks in part for a large amount of orders for boeing aircraft. if you factor out the transportation component, orders were up 1.3%. that also tops share expectations. shares of yahoo! are relatively flat. the company is expected to report a profit of more than $22 million. general motors dropped to second place while volkswagen came in third. that is the latest from the fox business network. giving you the power to prosper. ♪ ♪ [ laughter ] connell: we were all just talking about how cute the little kid is in the bowls leg and super bowl commercial. vw is back for the fourth consecutive year. this year the theme is "get happy." is it even close in terms of accuracy, $10 million? >> not going to go into the numbers specifically. i think you have to see the super bowl and context of all of the communication going on. the super bowl is certainly one of those key moments. it does help fit with everything you do as a brand. we reported that $3.82 million spot. you do some speculation and say, well, that is a lot of money. what metrics do you use t
that is thanks in part for a large amount of orders for boeing aircraft. if you factor out the transportation component, orders were up 1.3%. that also tops share expectations. shares of yahoo! are relatively flat. the company is expected to report a profit of more than $22 million. general motors dropped to second place while volkswagen came in third. that is the latest from the fox business network. giving you the power to prosper. ♪ ♪ [ laughter ] connell: we were all just talking about...
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Jan 29, 2013
01/13
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FOXNEWSW
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>> we have seem a tremendous effort, beginning with boeing's attempt to do the fbi net at the southern border that was a disaster, trying to take technology to put it into the border system was so expensive. we didn't have the right operative platforms and the inir connectivity between mexico and the united states so crucial to try to achieve results. manufacture, what we need to do, once folks are in the country, how do we work with local law enforcement? local police do not want to become immigration agents. it is incredibly difficult to say to the police department, you are going to check immigration status when you make a regular automobile stop on the highway. another obstacle we will have to deal with to figure out this time. >> the employers will have to be responsible for some of this. one of the key things in the senate, the bipartisan commission is to learn english. what do you think of that? >> it's interesting to say that, after -- from new york, we are really so och of a bilingual, a multi-lingual time. there are so many parts of the culture where spanish is a huge part of
>> we have seem a tremendous effort, beginning with boeing's attempt to do the fbi net at the southern border that was a disaster, trying to take technology to put it into the border system was so expensive. we didn't have the right operative platforms and the inir connectivity between mexico and the united states so crucial to try to achieve results. manufacture, what we need to do, once folks are in the country, how do we work with local law enforcement? local police do not want to...
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Jan 30, 2013
01/13
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CNBC
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boeing shares are up by about 60 cents. more with phil lebeau on this and two analysts. >>> remember, we're watching u.s. equity futures. the dow up 70 points yesterday and with closing price just 46 points away of putting the dow back above 14 thousand would be the first time that happened since october of 2007. this morning, the futures are indicated higher with dow futures up 12 1/2 points and s&p up by just over a point. overseas in asia overnight, the nikkei was up by about 2 and a quarter percent and the shanghai up as well. in europe, there are modest declines. dax down by 15 points and cac by 6 points and ftse by 3 1/2. >>> and founder and co-founder aubrey mcclendon announced he will be stepping down in april. a series of reports triggered criminal investigations and looking into whether mcclendon crossed the line by mixing personal business and possible anti-trust violations. the shareholders took control in june stripping the chairman of his title and carl icahn took one of those slots. >>> another one we're foll
boeing shares are up by about 60 cents. more with phil lebeau on this and two analysts. >>> remember, we're watching u.s. equity futures. the dow up 70 points yesterday and with closing price just 46 points away of putting the dow back above 14 thousand would be the first time that happened since october of 2007. this morning, the futures are indicated higher with dow futures up 12 1/2 points and s&p up by just over a point. overseas in asia overnight, the nikkei was up by about 2...
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Jan 30, 2013
01/13
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FBC
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big trouble for boeing. in a report from japan says the batteries were a concern months before the first reported fire. in fact they had to replace 10 of them well before the dreamliner was grounded. the main battery experienced an unexpected drop in power and forced an emergency landing. this morning boeing announced solid profits and yet sticking with the dreamliner production planning no changes to its production schedule. so here's a question, does boeing know what is wrong? they have to answer that question before they have a solution. and what about the stock? chances are you own it one way or another. premarket price please. nicole: you own is some way or otherwise, you will be happy, the stock is higher. of course, this year has been volatile, however looking above $34 today. stuart: investors will take that one for now. the dreamliner remains grounded. remember this from transportation secretary ray lahood. >> i believe this plane is safe and i would have absolutely no reservation of boarding one of
big trouble for boeing. in a report from japan says the batteries were a concern months before the first reported fire. in fact they had to replace 10 of them well before the dreamliner was grounded. the main battery experienced an unexpected drop in power and forced an emergency landing. this morning boeing announced solid profits and yet sticking with the dreamliner production planning no changes to its production schedule. so here's a question, does boeing know what is wrong? they have to...
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Jan 31, 2013
01/13
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LINKTV
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. >> the granting of a boeing 787 in japan has cost it $1 billion. -- grounding of a boeing 787 has cost it $1 billion. doctors and ambulance staff say cutbacks have left to the health system missing supplies. protests have increased in recent weeks as an grows over the government's austerity plan. it is difficult to navigate and more daunting if you do not speak russian. we are talking about the moscow metro. there are up to 9 million passengers during peak hours. a major redesign aims to ease the crush. >> you could be forgiven for thinking parts of the moscow metro looks more like an art gallery that a busy underground rail network. it reflects the city's soviets passed and culture. tens of thousands of people work to bring the subway system to live. much of the labor is done in tough conditions by hand. the metro opened in 1935, 70 years after the london underground started operating in more than 30 years after the new york subway began running. when >> the first idea appeared -- >> when the first idea appeared, moscow residents wonder why we needed it. now they are proud. >> 7 milli
. >> the granting of a boeing 787 in japan has cost it $1 billion. -- grounding of a boeing 787 has cost it $1 billion. doctors and ambulance staff say cutbacks have left to the health system missing supplies. protests have increased in recent weeks as an grows over the government's austerity plan. it is difficult to navigate and more daunting if you do not speak russian. we are talking about the moscow metro. there are up to 9 million passengers during peak hours. a major redesign aims...
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Jan 25, 2013
01/13
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FOXNEWSW
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boeing says the test was done wrong. the worker who set it up says it was correct, and the batteries were dangerous. he was fired and sued and lost his case. now the feds are reexamining the whole incident. meantime, boeing continues to assemble dreamliners in seattle and south carolina. the problem is what to do with the planes when they're finished. the company did get a vote of confidence from the ceo of united airlines who says he still has confidence in the 787 and has no doubt customers will come back. united owns six of the grounded planes and has more on order. >> a new credit card fee kicking in this weekend. how can you avoid getting swiped? find out. >> and forget cruise ships. people are getting the norovirus in the office. >>> you swipe, they charge. starting sunday stores will be allowed to hit you with a checkout fee if you pay by credit card. it could add an extra 4% to your purchase price. dave ramsey says go for the cash. dave, this is new. can every credit -- everytime you swipe they can nail you for 4
boeing says the test was done wrong. the worker who set it up says it was correct, and the batteries were dangerous. he was fired and sued and lost his case. now the feds are reexamining the whole incident. meantime, boeing continues to assemble dreamliners in seattle and south carolina. the problem is what to do with the planes when they're finished. the company did get a vote of confidence from the ceo of united airlines who says he still has confidence in the 787 and has no doubt customers...
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Jan 25, 2013
01/13
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CNNW
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we're learning more about boe g boeing's battery problems and how dangerous this could have been for travelers. (announcer) make mornings special, with fancy feast mornings gourmet cat food. mornings are delicious protein rich entrees with garden veggies and egg. fancy feast mornings. the best ingredient is love. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. [ male announcer ] the exclusive air suspension in the 2013 ram 1500. ♪ engineered to move heaven and earth. ♪ guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. [ male announcer ] end your long week... with a weekend getaway. save up to forty percent on all weekend hotel stays. book by january thirty first at hiltonanyweekend.com. >>> yes, the girlfriend was fake. but he says the pain was very real. manti te'o opening up. the notr
we're learning more about boe g boeing's battery problems and how dangerous this could have been for travelers. (announcer) make mornings special, with fancy feast mornings gourmet cat food. mornings are delicious protein rich entrees with garden veggies and egg. fancy feast mornings. the best ingredient is love. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the...
WHUT (Howard University Television)
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Jan 25, 2013
01/13
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WHUT
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the boeing made plane has been grounded following a series of problems. the biggest involves the jet's batteries. nhk world bring us up to speed on the investigation. >> translator: investigators are hoping to find out why the battery in the 787 caught fire while the plane was on the tarmac in boston. >> we do not expect to see fire events on board aircraft. this is a very serious air safety concern. >> reporter: the lithium batteries play a key role. dream liners have two sets of them. one is under the cockpit. it provides back up energy in an emergency. the other is under the passenger cabin. it starts the jet's engines. the batteries way half as much as conventional batteries but provide same amount of power. the problem is they are more susceptible to catching fire when they overheat. in the japan airlines case the battery caught fire. ntsb chair says there's evidence of short circuiting in the chemical reaction. that's when high temperatures trigger an uncontrollable reaction. >> the photo on the right, and you can see the cells that are outlined in
the boeing made plane has been grounded following a series of problems. the biggest involves the jet's batteries. nhk world bring us up to speed on the investigation. >> translator: investigators are hoping to find out why the battery in the 787 caught fire while the plane was on the tarmac in boston. >> we do not expect to see fire events on board aircraft. this is a very serious air safety concern. >> reporter: the lithium batteries play a key role. dream liners have two...
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Jan 29, 2013
01/13
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CNBC
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here is what the street is expecting from boeing. these numbers, most people are saying this is important but it's really the guidance. that's what we're going to be focused on, under the circumstances past eps the other aspect of the commercial airline gets attention, 737, this is the workhorse for boeing. increased production to 38 a month starting this quarter. as you go into building the the third 737 assembly line in renton, washington, that's going to get a lot of tension particularly because they have the 737 max in development. this is the future workhorse for boeing. they already have a backlog of more than 1,000 orders. it is expected to enter service in 2017. this is the next launch they have to make a smooth launch over the next three years. as you take a look at this stock chart or last month, sue and tyler, i thought this was fascinating. the parent of airbus up 20%, shares of boeing not surprising given dreamliner problems down 1.4%. that says a lot in terps of the split in performance. we'll be watching numbers first
here is what the street is expecting from boeing. these numbers, most people are saying this is important but it's really the guidance. that's what we're going to be focused on, under the circumstances past eps the other aspect of the commercial airline gets attention, 737, this is the workhorse for boeing. increased production to 38 a month starting this quarter. as you go into building the the third 737 assembly line in renton, washington, that's going to get a lot of tension particularly...
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the dream liner maker boeing now threatened with a strike. details ahead. cheryl: when it rains it pours. we will be right back. ♪ idn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. ♪ >> here is your fox business brief. the dow industrials above the 14,000 mark for th
the dream liner maker boeing now threatened with a strike. details ahead. cheryl: when it rains it pours. we will be right back. ♪ idn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a...
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Jan 25, 2013
01/13
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KQED
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shares of boeing responded pretty positively here. they were up by 1.4%. overall the broad market, well, it has a shadow cast on the market thanks to apple that was specifically for technology the broader market was able to creep higher. the s&p 500, which includes apple, climbed over the $1,500 level this morning thanks to the encouraging weekly jobs data. the buying lost some steam in the early afternoon, with the index eeking out a gain of one penny. volume on the big board was on the lighter side at 676 million shares. but nasdaq volume was heavy with over two billion shares trading. the losses were concentrated in the technology sector, losing 2%. while the consumer discretionary sector put in the best performance, up 0.7%. in the tech sector it was all about apple and worries its growth rate is slowing. but those worries are exclusive to apple. they stretched to the stocks of its key suppliers. cirrus logic makes energy and audio semiconductors for apple. shares fell 10.8%. cirrus reported a big jump for its quarterly profits, but revenues were not a
shares of boeing responded pretty positively here. they were up by 1.4%. overall the broad market, well, it has a shadow cast on the market thanks to apple that was specifically for technology the broader market was able to creep higher. the s&p 500, which includes apple, climbed over the $1,500 level this morning thanks to the encouraging weekly jobs data. the buying lost some steam in the early afternoon, with the index eeking out a gain of one penny. volume on the big board was on the...